Military Exoskeleton Market Research Report and Forecast up to 2025 Military Exoskeleton Market - Global Industry Anal

Military Exoskeleton Market - Global Industry
Analysis, Size, Share, Growth, Trends and
Forecast 2017 - 2025
Global Military Exoskeleton Market: Overview
Military exoskeleton is robotic-like suit which provides powered assist and increase
the strength of the soldiers during combat. There are several factors driving the
demand for these exoskeletons globally. The increasing concern for security and
safety from growing criminal activities and cross border terrorism has resulted into
the need for soldier safety during warfare. A military exoskeleton suite empowers
the soldier to lift heavy weights, run at faster speeds and defend themselves from
enemy attacks. Moreover, the changing concept of warfare has led to the
development of biological weapons which are more harmful to the body. These can
also prevent direct contact of the soldier from harmful gases. These factors are
aiding to the demand for exoskeleton suits globally. Furthermore, the need for quick
coordination during warfare has led to the need for advanced communication
systems which cannot be tracked by the enemy. Hence, the soldier suits need to be
integrated with these electronics which include range finders, optronics, radios and
navigation systems to name a few.
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Global Military Exoskeleton Market: Drivers and Trends
However, the integration of these electronics increases the overall weight of the
suits and makes it difficult for the soldiers to move swiftly. The development of
lightweight exoskeletons will reduce the weight considerable and give added
advantages to the soldiers by enhancing their mobility. These factors are expected
to drive the demand for military exoskeletons considerably during the forecast
period. However, a primary reason restraining the growth of the market is the price
involved in procuring the exoskeletons. One exoskeleton suit can cost up to USD
150,000. Furthermore, the defense agencies need to place order in large quantities
which can further increase the cost of procurement.
Global Military Exoskeleton Market: Segmentation
The global military exoskeleton market has been segmented by types, power and
geography. By types, the market has been segregated into full body exoskeleton
and partial body exoskeleton systems. The partial body exoskeletons are expected
to dominate the military exoskeleton market globally. Furthermore, the market has